Trigg’s NSW Focus: Can New Discoveries and Leadership Overcome Market Risks?

Securing a Strategic Asset in NSW

Trigg Minerals Limited (ASX: TMG) marked a pivotal step in its development strategy with the NSW Government's approval of the transfer of Exploration Licence 6388. This transfer cements Trigg’s ownership of the Wild Cattle Creek (WCC) deposit, a significant antimony resource within its Achilles Project. The deposit boasts a JORC-compliant Mineral Resource Estimate of 1.52 million tonnes at 1.97% antimony, positioning it as Australia’s second largest and highest-grade undeveloped antimony project.

With the licence transfer now formalised, Trigg is poised to advance exploration and development activities, having already negotiated land access agreements with private landowners and secured ministerial consent for exploration on crown land. These moves clear the path for a targeted drilling program aimed at extending the resource along strike and at depth.

Uncovering High-Grade Mineralisation Beneath the Deposit

Recent drilling has revealed ultra-high-grade antimony and tungsten mineralisation beneath the primary Wild Cattle Creek deposit, with assays reaching 27.6% antimony and 2.14% tungsten. This discovery of a subparallel vein system, extending over 100 metres and remaining open for further expansion, adds a new dimension to the project’s value proposition. Tungsten, often overlooked in previous assessments, could significantly enhance the deposit’s strategic importance in the critical minerals sector.

Expanding the NSW Footprint with Historic Gold and Antimony Projects

Trigg has also broadened its portfolio through the acquisition of the Nundle, Upper Hunter, and Cobark/Copeland projects, collectively covering over 1,000 square kilometres in the New England Orogen. These areas are rich in historical gold and antimony production, with rock chip samples returning grades up to 61% antimony and 1,045 g/t gold. The expanded landholding now totals approximately 2,100 square kilometres, including the Bukkulla Mine, where recent samples showed antimony grades up to 23%.

This strategic expansion aligns with Trigg’s focus on multi-commodity critical mineral assets in Tier-1 jurisdictions, leveraging the geological potential of the region and historical mining data to unlock new resource opportunities.

Corporate Developments and Market Positioning

On the corporate front, Trigg has commenced trading on the US OTCQB market, enhancing its accessibility to North American investors and increasing liquidity. The company’s acceptance into the International Antimony Association further strengthens its global industry connections and regulatory engagement.

Leadership has been bolstered by the appointment of Andre Booyzen as Managing Director. Booyzen brings over 25 years of mining sector experience, including executive roles at the Costerfield gold-antimony mine, Australia’s sole antimony concentrate producer. His expertise is expected to accelerate project advancement and offtake negotiations.

Navigating Geopolitical and Market Dynamics

Notably, antimony has been exempted from recent US tariffs under new executive orders, underscoring its classification as a critical mineral. This exemption mitigates potential trade barriers and supports Trigg’s positioning in a market heavily reliant on imports from geopolitically sensitive regions.

Meanwhile, the divestment of the Lake Throssell tenement in Western Australia signals a sharpened focus on the NSW assets, particularly the flagship Wild Cattle Creek deposit.

With a cash balance of $5.3 million at quarter-end and $630,000 spent on exploration activities, Trigg is financially positioned to pursue its aggressive exploration and development agenda in the coming months.